Update on AnnAnn used her first loan amount to buy a motorbike and it has been earning her a good income.
She repaid the loan amount well and in good time. This will be her second loan and she plans to use the loan amount to buy another motorcycle.
In the future, Ann plans to invest more in the transport industry by buying passenger service vehicles and become one of the leading businesswomen in Naivasha.
Previous Loan DetailsAnn has operated her retail shop in Naivasha town since 2006. She is 30 years old and married to Peter. They have three children. She was introduced to KADET LTD by her friend and this will be her first loan. She plans to use the cash to buy a motorcycle for transportation. She will employ someb... More from Ann's previous loan »
About VisionFund KenyaVisionFund Kenya is dedicated to economically empowering its clients by providing financial services to improve living conditions of micro-entrepreneurs and their children across Kenya. VisionFund Kenya is the microfinance subsidiary of World Vision Kenya. Obtain more information on VisionFund Kenya from its website.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid